Put your chicken and cream cheese into the pressure cooker and sprinkle the ranch seasoning over top of them.
Then, add in the water.
Now, set your pressure cooker to Manual High Pressure for 15 minutes and do a quick release.
Then, remove just the chicken from the cooker and shred it using two forks.
Put the shredded chicken back into the cooker with the settings turned to low.
Add the cheese to the mix and stir.
Next, stir in the bacon pieces. Time to eat!